COMPANY OVERVIEW:
Karandaaz Pakistan, a Section 42 company established in August 2014, promotes access to finance for small businesses through a commercially directed investment platform, and financial inclusion for individuals by employing technology enabled digital solutions.
The Company has financial and institutional support from leading international development finance institutions; principally the United Kingdom Department for International Development (UKAid) and the Bill & Melinda Gates Foundation. The Consultative Group to Assist the Poor (CGAP), a member of the World Bank Group, has managed the start-up phase of the Company and will continue to provide technical support. For details please visit www.karandaaz.com.pk
JOB RESPONSIBILITIES:
FINANCIAL RESPONSIBILITIES
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- Assist the DFA in developing and updating the strategic/ business plan
- Develop a budget in line with the approved business plan
- Responsible for designing and managing budgetary control function
- Develop financial policies, procedures and systems to meet company objectives
- Develop financial KPIs to be monitored as a part of management reporting for business control and decision making
- Prepare budget variance analysis at regular intervals
- Initiate the process of opening /closing of bank accounts and change of signatories
- Provide timely and accurate analysis of budgets, financial reports and financial trends
- Liaison with department managers on financial issues impacting departmental and company budgets
- Assist operations team in carrying out appraisals of investment proposals
- Manage contractual arrangements and payments of vendors
ACCOUNTING RESPONSIBILITIES
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- Maintain books of accounts and record keeping in compliance with the regulatory/accounting framework. Good command over IAS/IFRS
- Ensure compliance with policies and procedures for all transactions
- Design the chart of accounts to ensure the availability of accounting information
- Oversee monthly/quarterly financial closing
- Liaison and facilitate with Tax advisors
- Facilitate donor audits and take remedial actions when required
- Prepare financial statements in compliance with the Companies Ordinance 1984
- Keep abreast of new accounting regulations
SYSTEM MANAGEMENT
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- Maintain a documented system of accounting policies and procedures
- Implement and manage ERP based accounting system and have knowledge of managing ERP
- Oversee the operations of the treasury department, including the design of an organizational structure adequate for achieving the department's goals and objectives
FUNDS MANAGEMENT
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- Forecast cash flow positions, related borrowing needs, and available funds for investment
- Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements
- Use hedging to mitigate financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions
- Maintain banking relationships
- Assist in determining the company's proper capital structure
- Arrange for equity and debt financing
- Invest funds
- Recommend appropriate dividend issuances, based on historical dividend patterns and expected cash flows
JOB SPECIFICATIONS
Education:Bachelors / Master’s degree preferably in finance, accounting, CA Finalist, ACCA / ACMA and related discipline from a reputable international or Pakistani institution.
Experience:6-8 years of relevant experience. Experience of working with international donor agencies and financial institutions will be an added advantage.
BEHAVIORAL SKILLS
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- Self-driven with the ability to handle assignments with minimal supervision
- Decision-making skills, analytical skills and problem-solving skills
- Ability to interface and manage vendors
- Excellect Analytical and report writing skills required
TECHNICAL SKILLS
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- Proficiency in MS. Office
- Knowledge of Microsoft Dynamics accounting software
- Advanced level understanding of Finance and Accounting concepts and principles